As it approaches 200% growth YTD, is this year’s hottest asset, digital or otherwise. After a crypto-winter that lasted through 2018, when Bitcoin barely pushed past the $4,000 mark, the coin was regarded as not much of an asset, at least until the value of the technological...
is back—with a vengeance. It's now trading beyond $11,300 levels, a point the digital currency first hit in November 2017, when it was on its way toward $20,000, where it peaked before 2018 began. But after losing 80% of its value in 2018, many investors may have already...
U.S. futures buck growing U.S. tensions with China, Iran Europe slides on business pessimism FedEx-Huawei mishap, Hong Kong civil rights issue add to U.S.-China sticking points ahead of G20 summit Oil extends rally on U.S.-Iran spat escalation Key Events Futures on the , and attempted to defy increasing geopolitical risks this...
Real Estate (NYSE:XLRE) was the worst performing sector Friday, falling 1.1%, more than double the runner up, Industrials (NYSE:XLI) (-0.5%). What’s odd about the sector’s underperformance is that recent data and monetary policy should be boosting the subindex to superior performance. Friday’s smashed expectations of 1.2% with a...
It’s probably the most difficult time to predict the future direction of the U.S. stock markets. Despite the myriad powerful headwinds gathering, which could hurt companies’ profitability and future growth, stock investors, in general, are choosing to ignore the warning signs, instead, preferring to view the glass as...
Donald Trump insists he wants no war but the Iranians are in no mood to negotiate, hoping to force the U.S. president to drop sanctions unconditionally. That puts traders in a spot on how to navigate one of the trickiest times ever in oil despite just having...
The U.S. Intercontinental Exchange’s (ICE) futures vehicle, Bakkt will begin beta testing two physically-settled Bitcoin futures contracts on the ICE exchange beginning July 22. This effort has been much hyped, long delayed and there's still no final launch date planned. As well, from reports published this past...
Geopolitical tensions weigh on previously soaring stocks More than half of S&P 500 sectors showing weakness Oil up in the short-term but down longer term U.S. stocks retreated on Friday, pressured by rising fears of possible military retaliation from the Trump administration against Iran after it downed a U.S. drone on...
With stock markets on track to close the best half year performance in 22 years, events during the coming week could be important enough to set the tone for the second half of the year. Perhaps the most significant: the G20 summit in Japan, which begins this Friday,...
To headline traders in oil, the presidential tweet coming more than 12 hours after the latest drone hit, provided the perfect opportunity to drop all caution and buy. “Iran Made A Very Big Mistake!” U.S. President Donald Trump tweeted. Crude prices, already up 3% overnight on Tehran’s of...